Davis Polk & Wardwell lead Agricultural Bank of China IPO

July 19, 2010 US firm Davis Polk & Wardwell has scored a leading role on the initial public offering for the Agricultural Bank of China, which launched late last week. The firm provided a team led by Beijing partner Show-Mao Chen.

Davis Polk & Wardwell only practices US law, but was able to lead the deal in this case because – for the biggest deals involving Chinese state-owned companies – institutional investors expect compliance with the US Securities and Exchange Commission disclosure requirements.

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